U.K. Business News 2012

U.K. Interest Rate Unchanged

February 2012
The bank of England, BOE, decided on February 9 to maintain the official interest rate paid on commercial bank reserves at 0.5%. BOE also decided to increase the size of its assets purchase program by GBP 50 billion to a total of GBP 325 billion.
The decisions are in light of the the weak near term growth outlook.

U.K. April Inflation Rate

May 2011
According to the British office for national statistics, ONS, the annual consumer price index, CPI, for April was 4.5% up from 4% in March, The highest hike since October 2008. The annual retail price index for April was 5.2% down from 5.3% in March.

U.K. Mobile Phones Taping Rules

November 2010
The British Financial Services Authority, FSA, published a policy statement regarding taping of mobile phones in investment firms, banks, stockbrokers and other financial firms.
The taping of mobile phones is aimed to fight market abuse .The relevant firms should record and keep copies of relevant conversations made on mobile phones provided to individuals by their firms for a period of six months.
Firms must comply with the new taping rules by November 11, 2011.
Source: www.fsa.gov.uk

U.K. Tax Laws and Tax System | U.K. Business News | U.K. Tax News and Updates | U.K. VAT- UK Inheritance Tax, Stamp Duty | U.K. Double Taxation Prevention Treaties | U.K. Social Security Treaties | London chartered Accountants and Accounting Firms | London Banks and Banking Sites in London | U.K. Business Opportunities and B2B Marketplace |

Go Back

Homepage | Security Policy | Terms of Service